Federal regulators hit the largest bank in the U.S. with a $200 million fine Friday for failing to keep track of employees’ use of messaging apps, including WhatsApp, to evade federal record-keeping laws.
The Securities and Exchange Commission (SEC) announced Friday that a subsidiary of JPMorgan Chase & Co. would pay $125 million after admitting to “widespread” record-keeping failures. The bank will pay an additional $75 million fine to the Commodity Futures Trading Commission for allowing unapproved communications since 2015. Read More
America’s largest bank, JPMorgan Chase & Co., told unvaccinated employees at the Manhattan offices that they must remain at home and work remotely, multiple sources reported.
Tuesday’s new rule allows only vaccinated employees and visitors to enter the bank’s Manhattan offices, a JPMorgan spokesperson told the Daily Caller News Foundation. Maks will be required when walking through lobbies, using elevators and in the company restaurants when not eating. Read More
JPMorgan Chase chief executive Jamie Dimon apologized Wednesday for saying that the bank will last longer than the Chinese Communist Party, multiple sources reported.
Dimon said that he regrets the joke he made Tuesday morning while speaking at an event at Boston College, according to The Wall Street Journal. Read More